Advantages of Selling With Low Inventory, and With an Experienced Realtor
Perks of Selling Your Home With the Current Low Inventory
Reasons to Use a Realtor, and Avoid Selling By Yourself
If you’ve seen any of our recent blog posts talking about the housing market, or are aware of the challenges the housing market is currently facing, you know our current level of inventory is low. In today’s blog, we’ll talk about how this low level of inventory can benefit you as a seller, and why it’s best to work with a Realtor who can ensure that you take advantage of all of those benefits when selling your home, instead of missing out!
Curious as to what your home is currently worth? We can help you get that information here!
Examining Our Current Inventory Levels
Nationwide, inventory is far below the normal levels that we were used to seeing before COVID-19 happened, and the pandemic market took shape. Here in Kansas City, the percentage difference between the inventory of September 2019 versus September of this year, is a 28% decrease in total inventory, according to the Kansas City Regional Association of Realtors. Even comparing September of this year to last year, we’re seeing a 19.4% decrease in total inventory in the Kansas City market.
What the Lack of Inventory Means for You as a Potential Homeseller
Because there is a smaller amount of homes available for sale on the market, you as the seller have several benefits when selling your home because of this decreased pool of sellers. According to the latest data from the National Association of Realtors, 69% of homes nationwide are sold in less than a month, with an average of 2.6 offers for recently sold homes. Here in our Kansas City market, we’re also seeing homes receive an average of 99.2% of the original list price received, which is an increase of 1.2% from the previous year. Because there are fewer homes on the market, qualified buyers are looking for correctly priced homes, and moving quickly to make sure they have the best chance possible at getting their offer selected for the property that meets their needs.
Want to see what homes like yours are on the market for? Set up a property home search here!
Why It's Important to Work With a Professional and Experienced Realtor When Selling Your Home
While there are several advantages to selling your home in our current market, it’s important that you ensure that you are taking advantage of those benefits by working with a professional and experienced Realtor who can help you navigate today’s market. When you sell your home yourself, not only do you have to deal with pricing your home correctly, but you also have to market your home, and work through the negotiations. When you work with a professional real estate agent, they will assist you with your pricing by doing a comparative market analysis, marketing your home, and assisting you with the negotiations and paperwork once you find a buyer. Here at the Ask Cathy Marketing Group not only do we market your home everywhere potential buyers are searching for homes, our agents are selling for 3 days faster, and for 2% more money than the average agent in our region! If you are interested in scheduling a no-obligation listing consultation, reach out to us at (816) 268-4033, or by filling out the contact form below!